Stolair Pty Ltd & Anor v Friends United International Pty Ltd & Ors [1997] FCA 1540

On the material before the Court, there is no credible testimony suggesting the applicants will be unable to pay an adverse costs order, therefore, the application for security for costs is rejected.

Jurisdiction: Australia
Judgment Date: 16 December 1997
Procedural Posture: Application / Interlocutory Application for Security for Costs
Outcome: Application for security for costs rejected
Legal Topics: ['security for Costs']

['corporate Law'] ['security for Costs']

Case Brief

Summary, issues, holding and outcome

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Full judgment text Downloadable case file Legal principles 1 Authorities cited 2 Party arguments 2 Amounts and remedies 1

Procedural Posture

Application / Interlocutory Application for Security for Costs

Legal Issues

1 ['Whether the applicants should provide security for costs for the respondents under s 1335 of the Corporations Law 1991']

Ratio Decidendi

On the material before the Court, there is no credible testimony suggesting the applicants will be unable to pay an adverse costs order, therefore, the application for security for costs is rejected.

Court Disposition

Application for security for costs rejected

Orders

['Application for security for costs rejected' 'Applicants to have their costs of the notice of motion as their costs in the cause']